The social development bank in Europe

Social and Financial Inclusion 2

  • Approval date

    15 June 2018

  • Borrower

    PerMicro SpA

  • Country

    Italy

  • Loan size

    € 7 000 000

  • Line of action

    Sustainable and inclusive growth
    Integration of refugees, displaced persons and migrants

  • Status

    In progress

Sub-projects within two microcredit products

1) business lending to support microenterprises in the purchase of equipment and goods for their start-up or for the development of their businesses and

2) family loans to assist vulnerable groups in responding to urgent and temporary financial needs in the domain of health, housing and education. Final beneficiaries will be aspiring entrepreneurs, vulnerable groups and especially migrants and refugees, which have little or no access to the standard banking system.